How big is the ai in talent acquisition market today, and what are its future growth expectations?
The AI in talent acquisition market size has grown rapidly in recent years. It will grow from $1.13 $ billion in 2024 to $1.35 $ billion in 2025 at a compound annual growth rate (CAGR) of 18.9%. The growth in the historic period can be attributed to the automation of routine tasks, enhanced candidate matching, data-driven insights, improved candidate experience, and cost reduction.
The AI in talent acquisition market size is expected to see rapid growth in the next few years. It will grow to $2.67 $ billion in 2029 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to advancements in AI technology, a rise in remote work and global talent pools, improved candidate experience, enhanced recruitment metrics and reporting, and enhanced screening and matching. Major trends in the forecast period include advancements in natural language processing (NLP), integration with other HR technologies, personalized candidate engagement, enhanced predictive analytics, and expansion of AI capabilities.
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What have been the primary factors driving the ai in talent acquisition market’s growth?
A shift toward remote work is expected to propel the growth of AI in talent acquisition market going forward. Remote work, also known as telecommuting or working from home, refers to a work arrangement where employees perform their job duties from a location other than the company’s physical office. Remote work is growing due to its flexibility, technological advancements, and the desire for better work-life balance. AI in talent acquisition for remote work enhances efficiency by automating candidate screening, improving job matching, and streamlining recruitment processes across diverse and global talent pools. For instance, in September 2023, according to a Bureau of Labor Statistics, a unit of the United States Department of Labor, in August 2023, approximately 19.5% of workers teleworked or worked from home for pay, maintaining a telework rate between 17.9% and 20.0% from October 2022 to August 2023. Therefore, the shift toward remote work is driving the growth of AI in talent acquisition market.
What are the key segments within the ai in talent acquisition market?
The AI in talent acquisitionmarket covered in this report is segmented –
1) By Component: Solution, Services
2) By Application: Candidate Sourcing, Resume Screening, Interview Scheduling, Candidate Engagement, Other Applications
3) By Industry Vertical: IT & Communication Technology (IT) And Telecommunication, Banking Market Research and Insurance (BFSI), Healthcare, Retail And E-Commerce, Manufacturing, Other Industry Verticals
Subsegments:
1) By Solution: AI-Powered Recruiting Software, Applicant Tracking Systems (ATS) With AI Integration, Candidate Screening And Matching Solutions, Predictive Analytics For Talent Acquisition, AI-Based Interviewing Platforms, Chatbots For Recruitment, AI-Powered Talent Sourcing Tools, Candidate Experience Enhancement Solutions
2) By Services: AI Integration And Implementation Services, Consulting Services For Talent Acquisition Strategy, AI-Driven Recruitment Process Outsourcing (RPO), Talent Analytics And Reporting Services, Employee Onboarding Services, Custom AI Model Training Services, Post-Implementation Support And Maintenance
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Which key players are shaping the ai in talent acquisition market?
Major companies operating in the AI in talent acquisition market are International Business Machines Corporation, Oracle Corporation, SAP SE, Cornerstone OnDemand Inc., Cielo Talent, HackerRank, Phenom People, Bullhorn Inc., iCIMS Inc., Greenhouse Software, SmartRecruiters Inc., Eightfold.ai, Visier Inc., CEIPAL Corp., Jobvite Inc., HireVue, Beamery, Talview, Hiretual, Yello Co, Textio, XOR, Ideal, Ascendify, Pymetrics, Recruiterbox, Clinch
How will emerging trends drive the ai in talent acquisition market throughout the forecast period?
Major companies operating in AI talent acquisition market are increasing their focus on developing innovative solutions, such as AI-powered recruitment tools, to sustain their position in the market. AI-powered recruitment tools utilize artificial intelligence to streamline and enhance hiring processes, including candidate sourcing, resume screening, interview scheduling, and candidate engagement. For instance, in April 2023, Indeed, a US-based employment company, launched a new AI-powered tool called Smart Sourcing. This tool is designed to simplify the hiring process for employers. Smart Sourcing allows employers to access a large talent pool of nearly 300 million candidates worldwide by using profiles and resumes available on the platform. It uses an advanced AI matching engine to quickly identify the best candidates for specific job openings based on their skills, experiences, and qualifications. Employers can efficiently review these matched candidates, connect with them directly, and accelerate their hiring decisions.
How do regional factors impact the ai in talent acquisition market, and which region is the largest contributor?
North America was the largest region in the AI in talent acquisition market in 2024. The regions covered in the AI in talent acquisition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The AI in Talent Acquisition Market Report 2025 Offer?
The ai in talent acquisition market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Artificial intelligence (AI) in talent acquisition refers to the use of artificial intelligence technologies to automate, enhance, and streamline various aspects of the hiring process. AI-driven tools and platforms analyze large volumes of data to match candidates with job requirements, predict job performance, and improve the overall efficiency and effectiveness of hiring practices.
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